by Gary Woosey | Nov 1, 2021 | Tax
Controversial changes to the basis period rules will be pushed back to 2024, the Government has announced. Critics said the reforms would needlessly burden businesses in the wake of the coronavirus pandemic and ahead of the introduction of Making Tax Digital (MTD) for...
by Gary Woosey | Oct 27, 2021 | Tax
With the Speaker of the House of Commons by tradition not presiding over the Budget, the Chancellor might have hoped he would escape a rebuke over the number of important announcements disclosed to the media in advance. That was not to be, with the Chancellor instead...
by Gary Woosey | Oct 27, 2021 | Tax
If you are, then keep reading… From today, you have less than a week to submit paper tax returns for the 2020/21 tax year before the deadline on Sunday 31 October. Those submitting online tax returns, you have 98 days! For the 31 January 2021 deadline, over 10.7...
by Gary Woosey | Oct 25, 2021 | Tax
With the winding up of the Coronavirus Job Retention Scheme (CJRS) or furlough, at the end of September, it is vitally important that all employers are up to date with their Corporation Tax Form CT600, particularly over grants received from the scheme. HM Revenue...
by Gary Woosey | Sep 27, 2021 | Tax
Businesses will now get an additional year to prepare for the Income Tax digital changes, as revealed by HM Revenue and Customs (HMRC). Acknowledging the challenges faced by many UK businesses during the pandemic, the Government will now launch Making Tax Digital...
by Gary Woosey | Sep 21, 2021 | Tax
From April to May this year, 18 to 24-year olds reported over 5,000 phone-related scams to HM Revenue and Customs (HMRC). With this in mind, HMRC is now warning university students who have part-time jobs of the risks of falling victim to scams. Recent data reveals...
